By Susanna Moon
Chicago, Dec. 28 - HSBC USA Inc. priced $4.65 million of 0% emerging markets Currency Accelerated Return Securities due Dec. 28, 2012 based on a basket of equally weighted currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.
The underlying currencies are the Brazilian real, Indian rupee and Chinese renminbi.
The payout at maturity will be par plus 1.6 times any basket gain.
Investors will be exposed to any basket loss, with a minimum payout of $900 per $1,000 principal amount of notes.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Emerging markets Currency Accelerated Return Securities
|
| Underlying currencies: | Brazilian real, Indian rupee and Chinese renminbi, equally weighted against dollar
|
| Amount: | $4,649,000
|
| Maturity: | Dec. 28, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 160% of any basket gain; exposure to losses, floor of 90% of par
|
| Initial exchange rates: | 1.6984 for real; 45.0200 for rupee; 6.6466 for renminbi
|
| Pricing date: | Dec. 23
|
| Settlement date: | Dec. 29
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.75%
|
| Cusip: | 4042K1BL6
|
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